U.S. spot bitcoin exchange-traded funds (ETFs) hit a bump in the road on Tuesday, recording $79.09 million in net outflows. Meanwhile, ether ETFs turned things around, bringing in $11.94 million in net gains. Tuesday’s Crypto ETF Action The 12 spot bitcoin ETFs struggled, shedding $79.09 million overall. However, three ETFs saw a bit of sunshine. […] Original
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.xyz metrics, the 12 […] Original
“Currently the collateral of choice on Aave V3, Spark, and MakerDao, 1.3 million stETH, 598,000 stETH, and 420,000 stETH, respectively, are locked into those protocols and used as collateral to issue loans or crypto-backed stablecoins,” it added. Source
Crypto asset manager Grayscale is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric Balchunas. The strategic move aims to provide investors with a diversified portfolio that includes major digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). Diversified Exposure To Bitcoin, Ethereum, And More The proposed ETF comes at a time when investor interest in regulated cryptocurrency products is on the rise. Grayscale’s Digital Large Cap Fund currently holds approximately…
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Spot Bitcoin ETFs in the U.S. marked their fourth straight day of net inflows, while spot Ether ETFs reversed course, moving back into net positive flows. Data from SoSoValue shows that the 12 spot Bitcoin ETFs recorded net inflows of $458.54 million on Oct. 16, marking the fourth consecutive day of positive inflows. Over this period, the funds have accumulated more than $1.63 billion. BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, continues to dominate, posting the highest net inflow for the second straight day. On Oct. 16,…
Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange-traded fund on Tuesday. The Ethereum (ETH) ETF will debut on the Cboe Australia, bringing the Monochrome Ethereum ETF with the ticker IETH to the market on Tuesday, Oct. 15. IETH launches a few months after Monochrome unveiled its spot Bitcoin (BTC) ETF, which launched in August. The Monochrome Bitcoin ETF (IBTC) held about 167 Bitcoin, worth AUD 15 million. Monochrome and its partner Vasco Trustees Limited filed an application for the listing of IETH on the Cboe Australia…
Several countries have approved listings of spot crypto ETFs after the launch of the funds in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. Last week, South Korea’s news1 also reported that the country’s Financial Services Commission would consider allowing crypto ETFs. Original
U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million. Meanwhile, the nine spot ethereum ETFs saw a different story, pulling in $3.06 million during the trading session. Bitcoin ETFs Tumble, Ether Funds Walk Away Unscathed Thursday proved challenging for bitcoin ETFs, with no gains in […] Original
ETH ETFs haven’t gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why. Source